Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Iran’s economy deteriorates, oil minister resigns, workers protest: What to know Iran’s oil minister has resigned amid mounting economic pressure from US sanctions and restrictions on the country’s exports. Iran
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Egyptians fear cash subsidies would send prices soaring Egypt's proposed cash subsidies system has raised concerns among citizens despite its numerous advantages, in light of the lack of market supervision over product prices and availability. Egypt
Syrian crisis dictates peace between Damascus and Ankara The Russian side is said to be developing two strategies to thwart Turkey’s possible objections to cultural autonomy for Syrian Kurds. Syria
New business council to provide network, funds for Rafah's budding businesswomen Palestinian women have started small businesses to make ends meet, but a new council aims to lead them to fields such as electronics or high-end products. Palestine
Greenback weakening in Egypt as economy improves Egypt’s pound continues to grow stronger against the US dollar in 2020, thanks to gains in foreign investment, tourism and exports. Egypt
Despite US efforts, Ethiopia-Egypt dam spat holds strong A meeting in Washington produced agreement on some items to be included in a final accord to fill and operate the Grand Ethiopian Renaissance Dam, but failed to resolve significant, long-standing sticking points between Egypt and Ethiopia. Egypt
Egypt promotes local products More factories are ready to join the Egyptian president’s initiative to promote local products, which economists believe will boost the economy and fight unemployment. Egypt
Netanyahu — not Mr. Security, not Mr. Economy Prime Minister Benjamin Netanyahu prefers that Israel’s growing deficit will not come up on the March election agenda. Israel
Israel’s economy victim of political gridlock Without a new state budget, without new senior officials and without new reforms, Israel’s economy is one of the biggest victims of the current political chaos. Israel
Are Sisi’s state assets law amendments well-intentioned? Egypt is to pass amendments to a law that would give Egyptian President Abdel Fattah al-Sisi the right to transfer the ownership of state assets to Egypt’s sovereign wealth fund without facing any objections. Egypt
National campaign to support domestic goods on rise in Iraq Iraqi protesters launched campaigns to support the national goods and boycott foreign and Iranian goods in particular. Originals
Economics or politics: What's driving Turkey’s electric car project? The limited scope of Turkey’s electric car project points to political motives by a government under strain rather than economic goals to help transition the automotive industry. Turkey
Egypt’s military adds new factory to industrial portfolio Egypt’s military signed a deal with a Chinese company to establish a car tire factory, further tightening its grip over the country's industrial sectors. Egypt
